In a significant boost to Indo-Seychelles ties, Prime Minister Narendra Modi revealed a $175 million economic aid package during talks with Seychelles President Dr. Patrick Herminie in New Delhi. The Monday meeting at Hyderabad House covered a broad spectrum of bilateral issues, from economic integration to security cooperation.
Modi highlighted development partnership as the bedrock of their relations. He announced the package to propel priority initiatives through project-based support and credit lines. Key focus areas include boosting local currency trade, fintech innovations, and digital infrastructure tailored to Seychelles’ needs. ‘Our efforts are anchored in your priorities,’ the Prime Minister affirmed.
President Herminie, visiting India officially for the first time in his capacity, was touched by the reception. With diplomatic relations set to celebrate 50 years in June, he described the visit as a testament to enduring friendship. Discussions emphasized private sector engagement, investment opportunities, and health sector collaboration as vital growth drivers.
Maritime security in the Indian Ocean took prominence, reflecting shared stakes in regional stability. The leaders aligned on regional developments and India’s pivotal roles in multilateral platforms like G20 and BRICS. Herminie advocated for sustained dialogue to advance peace and prosperity.
This announcement positions India as a reliable development partner, enhancing economic resilience for Seychelles while reinforcing strategic maritime partnerships. The summit outcomes pave the way for deeper integration, promising long-term dividends for both nations amid global uncertainties.